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Swift Company has $107.000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Management estimates that 5% of outstanding
Swift Company has $107.000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Management estimates that 5% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is an) $970 debit. The journal entry to record the the provision for bad debts should includes a debit to Bad Debts Expense for Multiple Choice o None of these is correct o o o
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